Social Performance & Impact Management Module

Monitor the achievements of your social mission

General Description

The Module for Social Performance & Impact Management deals with one of the main challenges of microfinance industry, which is the measuring of social performance and impact on clients’ lives and businesses through the financial services provided. The module is created based on industry standards developed by the leading SPM promoters, such as: SPTF – Social Performance Task Force, the Mix Market, MFC (Microfinance Center) and CGAP (the Consultative Group to Assist the Poor).

The SPM Module supports definition of diverse types of Poverty Score Cards for measuring poverty level of borrowers and created impact from the lending process. The parameters that are used to measure social poverty outreach and monitoring social responsibility are dynamically defined and manageable from user side, in order to be aligned with the social mission of the organization.

The processing of Poverty Score Cards is performed automatically and can be integrated in any part of the process flow depending on client business needs.

Integrated DDC object on loan application level provides automatic calculation of the cards for social performance, based on predefined parameters which results are then used in statistical report analyses for measuring borrower’s rates as retention and impact rates, types of borrowers outreached, and further report analyses based on client needs.

The system supports measuring poverty and social outreach with sampling methods, by choosing group of clients either per branch, regions or random grouping, and then measuring their poverty levels. The results combined with statistical elements can give an insight if the social outreach of the organization is aligned with the social mission.

Key Features

  • Business Processes aligned with Social Mission Translate your social missions into quantifiable results and create a work environment that will work in favor of your social mission with ability to analyze past performances, based on flexibly defined parameters that will lead your organization to influence the life of your borrowers by addressing their needs and creating possibilities to encompass more diversified group of social levels.

  • Dynamic specification of Social Indicators Clearly identify social indicators, SP data that needs to be collected, and eliminating the possibility for report errors with our high-quality reports. Use monitoring tools to flexibly define separate score cards for measuring social impact and poverty and improve the quality of the financial services offered.

  • Attraction of more Investors Better management of the target borrower outreach, individual borrower impact and retention rates. Produce social reports on transparent and presentable manner with Dynamic Report Generator and contribute to development of a better and more transparent microfinance industry.

What
clients say
  • "It's an outstanding system. Having a full overview and control over the branch operations in due time is a huge advantage when corrective actions should take place. Before ASPEKT, it was difficult and lot of effort was invested, to analyze the performance and make conclusions that will lead to improving business processes." - Credit Director
  • "Before ASPEKT, I had to remember all loan conditions, criteria and other rules and I was continuously under pressure not to make any errors. I felt a huge relief when ASPEKT system was introduced, everything is now predefined: amount limitations, interest rates, provisions, etc., even the loan contract templates are automatically generated so no additional double-checking is needed." - Loan Officer
  • "With Aspekt Microfinance Software, we have complete control over the corporate portfolio. Our active portfolio is monitored accurately and we are able to make future assumptions based on historic data, making precise risk assessment." - Risk Manager
  • "Aspekt Microfinance Software helped me better manage my time. When I start in the morning, I can make a quick review for: status of open loan applications, loan disbursements, clients with payments due for the day, new loan in arrears, portfolio outstanding, etc. Everything can be found from one location, so I can efficiently prioritize daily tasks and coordinate other activities with my colleagues." - Loan Officer
  • "Administering one system, from one central location saved time, improved the control and security mechanisms of our IT Department. I’m more than glad to recommend this highly flexible solution to other companies." - System Administrator
  • "With the integrated functionalities and controlling procedures in Aspekt Microfinance Software, we could easily locate a breach of procedures and prevent frauds. The solution is adjusted to detect errors and inappropriate transactions." - Risk Manager
  • "Before ASPEKT, I couldn't monitor neither review my performance. I waited for my Branch Manager to receive reports from head office, to find out about exact number and amount of outstanding loans, PAR and delinquency, drop-outs etc. Now with Aspekt Microfinance Software, I can even predict my performance in near future." - Loan Officer
  • "Before ASPEKT, the field audit in a single branch could last for 4-5 days. Now, with ASPEKT I can do most of the preparation work in my office and be more efficient on the field." - Internal Audit
  • "I can't imagine that all client's information and records are at one place. Before ASPEKT it was extremely difficult to check the credit history of returned clients, and we could make mistakes and approve loans even to rejected clients. With ASPEKT we can also review the repayment history of clients coming from other branches." - Loan Officer
  • "Before ASPEKT, we didn't have reliable information to assess performance. We were overburden with forms and excel spreadsheets and no information on how other branches perform." - Branch Manager
  • "With Aspekt Microfinance Software we can efficiently and accurately control all cash transactions. Borrower's cash receipts are printed from the system only when payment transactions are entered by Loan Officers. This prevents from handing over the cash outside of branches." - Internal Audit
  • "I'm happy now that Loan Officers I'm supervising can spend much more time on a field with clients. Before ASPEKT, the manual administrative work occupied so much of their time so that they were unable to recruit new borrowers and reach the projected growth." - Branch Manager
  • "Once ASPEKT was introduced, our efficiency increased, allowing our MFI to grow by 50% with current human resources. Aspekt Microfinance Software contributes on replacing the manual and routine tasks, so that staff can spent more time on innovations and development." - CEO
  • "ASPEKT is not just a simple loan tracking software. I used to travel in every branch once per month to monitor and appraise each branch performance. Now, I can monitor the progress and identify weaknesses from distance." - Credit Director
  • "With this vendor, we didn’t receive just a system sophisticated to be administered independently from the vendor, we also got entire team that supports us in any situation and is more than happy to help us continuously improve our operations." - System Administrator
  • "Aspekt Microfinance Software as one integrated solution offers full coverage of MFI's business process. It's an excellent management tool that improves decision-making processes. The flexibility and adoptability perfectly match the dynamic environment in which our MFI operates." - CEO
  • "With the centralization of the data we got smart system that streamlines all financial activities we perform on a daily basis. Payment transactions are automatically posted in general ledger and our department is able to perform complex financial analysis, using customized financial reports." - Accounting Officer
  • "Aspekt Microfinance Software is very flexible and managed to fully incorporate our internal risk management policies and procedures. I can generate customized reports on clients and loan portfolio and closely monitor and analyze the credit risk before and after disbursements. The information from the system is the baseline for any improvements on risk policies and procedures I have recommended." - Risk Manager